The Pros And Cons Of Corruption In Venezuela And Libya

Mexico puts an end to state oil monopoly. (2014). TCE: The Chemical Engineer, (872), 18

Formerly under control from Dictator Hugo Chavez, and now currently under control by Nicolas Maduro, With an estimated 34.2% of the GDP accounting for the public debt, and an extremely high inflation rate of 56.2% in 2013 raising from 21.1% in 2012, it is obvious that the policies and programs aren’t working out for the country. Poor leadership in Venezuela has driven the country’s economy into a downward spiral. Having one of the larger resource endowments among the developing countries, it is questionable how there are so many problems with its economy. Since the 1920s Venezuela’s economy has been primarily driven by their vast availability of petroleum. Being a member of the OPEC, Venezuela’s main export is oil. The powerful oil industry in Venezuela is driven by their state-run petroleum company Petroleos de Venezuela S.A PDVSA. Venezuela sits on top of the world’s largest oil reserves and this oil based economy accounts for roughly 50 percent of government revenue, 95 percent of Venezuela’s exports, and 25 percent of Venezuela’s GDP, just in oil alone. With a population of 29.9 million people (estimated in 2012) the country has a per capita GDP of $12,756. Venezuela is highly dependent on oil revenues, these oil revenues account for around 96% of all export earnings. Venezuela’s development faces various challenges being a

The story took place in the 1930’s in a town called Maycomb, Alabama. The story is told to us by a young child in her perspective. It was during the time where racism was a big part of the word still. The story told by the child during a trail of an African American facing charges of rape of a white women. The child name is scout and her father Atticus given the trial to defend the African American name Tom Robison, but Atticus already knew how the outcome of the trial was going to be. Atticus raised his children Scout and Jem in a very different way from many different white folks raised their own. Jem and Scout get to see a different perspective of the world from their father Atticus and there black cook Calpurnia. Jem and Scout did not have a mother figure so Calpurnia took the role of being the mother figure by giving her life lesson to Scout and Jem. Jem and Scout to see the world how it is instead of seeing the black and white like most people. Atticus try’s to be honest with his children and does his best to explain things to his children that would make his children understand the situation. As a reader we see that Atticus try’s to do good for the community for the whites and blacks. He want his children to believe that tolerance of people and for the word of the bible, but to accept and forgive as well of other people way of thinking.

Manzano, Osmel, and Francisco Monaldi. "The Political Economy of Oil Contract Renegotiation in Venezuela." The Natural Resources Trap Private Investment without Public Commitment (2010): 409-66. Harvard Kennedy School. .

What would happen to Venezuela if the oil disappears? Venezuela is going through a very critical situation in which the economy is being affected. One of the reason why the situation in the economy in Venezuela is so urgent right now is because they are depending 96% on oil. That is one of the reason why in Venezuela, the people can’t buy basic product. To solve this problem, Venezuelans should find a way to expresses their voice in the “Organization of the Petroleum Exporting Countries” (OPEC) because that is the organization that has the power to raise the prices of oil. Another way that this problem can be solved is that Venezuela must stop depending only on oil because, they can use other natural resources which will greatly

Although Venezuela is in a deplorable state of poverty and ruin due to the corruption and fiscal irresponsibility of its government, a regime change could return Venezuela to its former glory by opening its borders to foreign investing and capitalizing on its environmental landscapes to revive the Venezuelan tourism industry.

“From 1999-2003, the government did not control the state oil company; in fact, it was controlled by his opponents, who used it to try to overthrow the government, including the devastating oil strike of 2002–2003.  For that reason, a better measure of economic growth under the Chávez government would start after it got control over the state oil company, and therefore the economy.” (Kozameh, 2014) In 2003, Chavez gained control of Petroleos de Venezuela (PDVSA) after the strike. Because of this control, Chavez had direct control over oil revenue. As Chavez gained power, the transparency with PDVSA went away and the company neglected to produce numbers and statistics on production or sales. Funding through PDVSA for discreet outside social

One Thursday, afternoon in Philadelphia, Matt, a 25 year old man, was driving down to his friend John’s house to see the Eagles play their first game of the season. The Eagles were playing the Giants. As he was driving his car just broke down on the side of the road. He had no idea what had happened his tank was close to full. He was hoping there would be another person going to drive by, but after 10 minutes of waiting no one had driven by. So then he called John but he did not answered his phone so he tried his wife's number, but she was away with a friend in Boston. Then he started to walk to get to his friend’s house. By the time Matt had got to John’s house there was 2 minutes left in the 4th quarter and the Eagles

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

Venezuela has the world’s largest oil reserves and by 1960, it became the wealthiest country in Latin America. Petróleos de Venezuela (PDVSA), the state owned company, was the key to economic and social development in Venezuela under president Hugo Chavez. His government was settled in an environment where the oil prices were rising and the economy was booming, so he was able fund social programs and practices that were popular to the poor masses. This wealthy and growing Venezuela made Chavez to be very popular and his regime very powerful. Oil revenue accounted for nearly 90% of exports, more than 50% of government revenue, and 35% of country’s GDP.

Some people might assume few women of nineteenth century England, were truly successful as authors. Jane Austen is an exception to that assumption. She was an independent lady who lived and died by her pen. Despite the obstacles she encountered in her lifetime Austen did not achieve success until after her death. Jane Austen may have lived a quiet and humble lifestyle, but her literary works have made a lasting impression on the lives of women of the 20th century.

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

The main purpose of the following report is to provide information about the profile of The Bolivarian Republican of Venezuela; in order to study the current situation of the country for further investigations in the future that may help to understand the opportunities and risk involve in importing and opening new markets in Venezuela.

Venezuela’s contemporary policy model is known for being deeply rooted in populist forms of governance since it supports the division between the people and the elite. This has been more prominent amongst Latin American rulers, since the role of a charismatic leader drives the relation between the government and its people. Regimes like these have specific policy mixes that fit into the spectrum of pro-poor and anti-imperialistic ideals. Chávez’s regime was a perfect fit for the definition and the history behind a populist paradigm. This essay focuses on the political and economic policies endured by the New Bolivarian Constitution by analyzing the general role of a populist regime, its autocratic power and the policy risks that come along with them.

With an economy dominated by the production of oil, Venezuela has enjoyed the highest standard of living in Latin America. In spite of its success in the oil industry, agriculture and manufacturing also play important roles in Venezuela’s economy. With this in mind, it would seem as though Venezuela’s economic state has flourished. Rather, it has suffered from the effects of political influence, corruption, and poor economic management. The distribution of wealth across Venezuela has caused the elite to benefit at the cost of the working people. This is mainly due to the economic and political structure of the country. Even with the plentiful resources Venezuela possesses, it is constantly being threatened by political instability,